Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. We specialize in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans.
Headquartered in New York City, Ready Capital employs over 400 lending professionals nationwide. Details around the Paycheck Protection Program (PPP) loan forgiveness are changing constantly. Ready Capital operates a diversified, full-service lending platform with nationwide reach and local market expertise.
Headquartered in New York City, Ready Capital employs over 400 lending professionals nationwide. Details around the Paycheck Protection Program (PPP) loan forgiveness are changing constantly. Ready Capital operates a diversified, full-service lending platform with nationwide reach and local market expertise.
Services
Ready Capital is a non-bank real estate and small business lender that has provided over $3 billion in capital nationwide. The company lends up to $45 million on multifamily and commercial real estate, delivering value-add bridge loans and fixed rate financings for stabilized assets.
Ready Capital is an approved Freddie Mac Small Balance Loan ("SBL") lender, an SBA Preferred Lender and provides residential mortgage lending though its wholly-owned subsidiary, GMFS Inc.Formed in 2011, Ready Capital is a publicly-traded mortgage REIT (NYSE: RC), and is externally managed by Waterfall Asset Management, LLC., a NY-based SEC registered investment advisor.
Ready Capital is an approved Freddie Mac Small Balance Loan ("SBL") lender, an SBA Preferred Lender and provides residential mortgage lending though its wholly-owned subsidiary, GMFS Inc.Formed in 2011, Ready Capital is a publicly-traded mortgage REIT (NYSE: RC), and is externally managed by Waterfall Asset Management, LLC., a NY-based SEC registered investment advisor.
Ready Capital is externally managed by Waterfall Asset Management, an SEC-registered specialist credit advisor focused on high-yield asset backed securities (ABS) and loan investments. Waterfall was founded in New York City in 2005 by Tom Capasse and Jack Ross, both early leaders of the ABS industry with a collective 60+ years of proven ABS/Loan trading, banking and servicing experience.
Interested in working with one of the fastest growing commercial mortgage REIT's in the industry? Ready Capital is always looking to add experienced and driven professionals to expand and grow with our company. We are continually searching for experienced professionals within the industry by offering a work environment thriving on collaboration and a corporate culture of employees who are passionate and excited about what they do.
Nationwide short-term, non-recourse bridge and mezzanine loans on transitional, value-add, event-driven commercial and multifamily real estate up to $50 million. Fixed rate permanent loans up to $25 million for multifamily, office, retail mixed use, self-storage, industrial and select other property types.
Ready Capital, through its subsidiary ReadyCap Lending, LLC, is an approved non-bank, U.S. Small Business Administration (SBA) Preferred Lender. Longer terms, lower down payments and more flexibility than other types of business financing, to improve cash flow as you expand or start your business. Please stay tuned for more updates, and until further confirmation of what funds remain, we are no longer accepting applications.
Reviews (12)
Ah Productions
Aug 23, 2021
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Katrina Gray-Johnson
Jun 28, 2021
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This company misrepresented themselves. I tried every since 2/21. I had a DocuSign and the information authentication questions were incorrect. I sent my picture ID and proof of correct answer. I called the company today and was told no more money but, I had an SBA # for my loan. Which means money was set aside for me. I was hung on twice and a supervisor was denied me. So you have my information to give to someone else. Because every since I have been receiving calls pretending to be from the social security office saying people are using my information fraudulently.
They sent me an contract
They sent me an contract
Dan Schultz
May 27, 2021
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Don't use this bank !!!This has been and continues to be the worst experience in my 30+ years of being in business. I've been waiting for Ready Capital to process my 2nd round PPP for over 6 weeks. My business is more than qualified since I was shut down for 4 months by my governor. I've tried 25+ e-mails with an auto reply that their working on it . I also called 30+ times to speak to someone about this and you can only call a foreign help desk that either can only tell you that it is still processing or they hang up on you when you ask for a supervisor. Now the PPP is out of money and they still
BabyQ Mv La Diva
May 20, 2021
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Worst companny to do business with. I was aproved by SBA PPP Loan and Signed all my documents and I still haven' t receive the Fund. I don' t know why Ready Capital Take so long to fund the money. I spoke with the SBA and they told me that I should have the fund already. Becareful with this companny. I will never do business with them, also they have no comunications at all.
J. Consumer
Apr 30, 2021
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Paul C.
Apr 29, 2021
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Our second draw of PPP was approved by the SBA and by Ready Capital. They sent me a DocuSign form asking for my bank account info for the transfer to be made. Though we passed the security questions, it showed that we did not pass and we were locked out. After numerous calls to customer service reps, our application was bounced back to being "under review" and then later "closed" due to "unresponsive action"-- all while we were desperately calling and emailing to get this resolved. We would often wait on hold for as long as an hour waiting to speak with a rep.
Golden Eagle Enterprises
Apr 19, 2021
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This has been nothing but frustrating. As per other reviews, there is no personal communication. I get no return calls and nothing but automated emails. I have been on this merry go round for my PPP loan for at least 3 weeks and have over 50 email communications, mostly automated. I was approved quickly and told the money was reserved. Since then I have been told documents were sent 4 times. I still have not been able to sign and have been asked for the same documents I sent in some cases twice.
Jane Bailey
Apr 18, 2021
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They don't not return calls or email. You can't speak with a loan officer.
Possible frauds...story changes w each day. Signed loan approval documents over a week ago and no funding. They have all my personal info including tax returns. ID and banking info. They do do appear to be legit. Use extreme caution!
Possible frauds...story changes w each day. Signed loan approval documents over a week ago and no funding. They have all my personal info including tax returns. ID and banking info. They do do appear to be legit. Use extreme caution!
Rodney Montreuil
Apr 17, 2021
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Initially, I had no intention to apply for a PPP loan, because I presumed it was gonna be the same "business-as-usual" red tape infested process, until I started to read so many testimonials about Ready Capital. Don't get me wrong, they have a meticulous process in place where the i's must be dotted and the t's crossed. I took my chance, got processed on the spot, and I received an SBA OK within less than 72 hours. I was still in disbelief even when I was signing the loan contract. The money reached my bank account in less than a week. I will warmly recommend READY CAPITAL for their professionalism
Janine Argila
Mar 18, 2021
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My first ppp draw and forgiveness was pretty simple. My second draw however is a different story.
I submitted all of my paperwork before it could be fully submitted. When we they asked for anything it was submitted with in an hr of the request. This was back in January.
They keep saying the SBA sent back with an error.
I contacted the SBA and they basically said to contact my congressman because this is not an actual error from the SBA. If anyone is having this issue, which I see in other reviews, call your congressman.
Frustrated, disappointed and feel like we are left in the dust.
I submitted all of my paperwork before it could be fully submitted. When we they asked for anything it was submitted with in an hr of the request. This was back in January.
They keep saying the SBA sent back with an error.
I contacted the SBA and they basically said to contact my congressman because this is not an actual error from the SBA. If anyone is having this issue, which I see in other reviews, call your congressman.
Frustrated, disappointed and feel like we are left in the dust.
Megan M.
May 06, 2020
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I just want to thank Ready Capital, and Tyler Hegemann (my Denver loan contact) for helping me get a PPP loan. I know that Tyler worked tirelessly because he knew that I wanted to keep my employees on payroll. I've never worked with a person or a company that really understood what this lifeline means to all of the small businesses applying for it. THANK YOU!!! I will be doing all of my SBA lending through Tyler from this point forward. Thank you- Ready Capital for employing such a stellar person and helping when I needed it most!
Marc T.
May 03, 2020
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Ready Capital & Lendio May Cost Me My PPP Loan. I was approved, by the SBA, then they vanished. I have an SBA number with Ready Capital on 4/21 VIA Lendio. No other info or contact from Ready Capital despite numerous calls and emails. This is especially frustrating as an underwriter from my credit union was willing and able to process the loan for me last week, but could not as Ready is sitting on my reservation number. It's beyond not fair, and bad business. 18 employees & potentially the future of our business is dependent on this. More than 10 days have come and gone. I can understand
